SoFi Select 500 ETF (NYSEARCA:SFY) Sees Unusually-High Trading Volume

SoFi Select 500 ETF (NYSEARCA:SFY) shares saw unusually-high trading volume on Tuesday . Approximately 199,446 shares changed hands during mid-day trading, an increase of 4% from the previous session’s volume of 192,177 shares.The stock last traded at $17.91 and had previously closed at $17.98.

SoFi Select 500 ETF Stock Performance

The company has a market cap of $684.29 million, a price-to-earnings ratio of 23.95 and a beta of 1.06. The business has a 50-day simple moving average of $18.15 and a 200-day simple moving average of $16.92.

Institutional Investors Weigh In On SoFi Select 500 ETF

A number of hedge funds have recently bought and sold shares of SFY. UBS Group AG increased its holdings in shares of SoFi Select 500 ETF by 330.2% in the 3rd quarter. UBS Group AG now owns 2,052 shares of the company’s stock valued at $26,000 after acquiring an additional 1,575 shares during the last quarter. FMR LLC increased its holdings in shares of SoFi Select 500 ETF by 78.6% in the 3rd quarter. FMR LLC now owns 3,576 shares of the company’s stock valued at $55,000 after acquiring an additional 1,574 shares during the last quarter. Wells Fargo & Company MN purchased a new position in shares of SoFi Select 500 ETF in the 2nd quarter valued at about $67,000. Assetmark Inc. purchased a new position in shares of SoFi Select 500 ETF in the 3rd quarter valued at about $141,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of SoFi Select 500 ETF in the 2nd quarter valued at about $151,000.

About SoFi Select 500 ETF

The SoFi Select 500 ETF (SFY) is an exchange-traded fund that is based on the Solactive SoFi US 500 Growth index. The fund tracks a multi-factor-weighted index of US large-cap equities selected by market-cap. SFY was launched on Apr 11, 2019 and is managed by SoFi.